QUICK FACTS
- Hydro’s Tasmania First directive will remove barriers to Hydro partnering and investing in new renewable energy generation.
- Partnering with proponents will ensure Tasmania’s energy needs are met at the lowest possible cost, keeping power prices low.
- It will secure our energy security.
Under our 2030 Strong Plan for Tasmania’s Future, a re-elected majority Liberal Government will:
- Drive new generation through our Hydro Tasmania First directive.
- Remove the competitive impediments to Hydro investing in new generation projects.
- Abolish Hydro’s speed limit by lifting the 40MW new generation limit.
An important part of our 2030 Strong Plan for Tasmania's Future is delivering new renewable energy generation, to create jobs and ensure that Tasmanians continue to have the lowest power prices in the nation.
Partnering to bring on new energy generation for Tasmania’s future
A re-elected majority Liberal Government will ensure Hydro is an economic driver for Tasmania and continues to be a renewable energy powerhouse, putting the interests of Tasmania first.
We will drive new renewable energy generation to create jobs and provide the power that industries need to grow.
We will remove the competition impediments by amending the Electricity Supply Industry Act 1995 and other associated legislation, including introducing any new legislation required to remove constraints onHydro’s capacity to help develop the energy Tasmania needs.
We will also amend Hydro-Electric Corporation Act 1995.The Hydro is prevented from building projects greater than 40MW in capacity without going through a cumbersome Parliamentary process.
To bring new generation online for Tasmania’s future energy needs, we need to build more wind and solar farms. Private sector proponents are doing a lot of the heavy lifting. leading the charge on planning and development approvals.
To make sure these projects deliver benefits for Tasmania, we need to leverage our Hydro history and assets so that on-island cheap, renewable generation continues to provide Tasmania with the lowest power prices in the nation.
Directing Hydro back to its foundation principles will help deliver the lowest power prices in the nation, while ensuring we reap the same benefits the Hydro pioneers did in building new energy generation in the first place.This will mean creating jobs for Tasmanians during construction and ongoing opportunities with industries who come, and stay, in Tasmania to benefit from our affordable, renewable energy.
Refocusing Hydro Tasmania will help increase new on-island generation for Tasmania’s future, supporting wind and solar farm developments, in addition to increasing its hydro generation capacity.
Hydro will play a key role in increasing our on-island generation and will ensure our energy needs are met into the future and provide ongoing energy security for Tasmania.
A re-elected majority Liberal Government will direct Hydro to partner with energy generators to build and deliver energy products to market that benefit Tasmania.
This will mean using Hydro’s knowledge, skills, and capacity to support new wind and solar generation projects, including playing a role in building, firming and providing access to markets and developing Tasmania’s on-island generation capacity to ensure our power bills stay the lowest in the nation.